-The Times of India
Just over one lakh jobs were added between April 1 and October 1 last year in eight key non-farm sectors of the economy ranging from manufacturing and construction to IT/BPO, education and health, according to a recent government report. Is this good or bad?
Considering that these eight sectors together employ over two crore workers, the net addition of new jobs amounts to a mere half a per cent of the total. So, it’s bad news for the economy and another red flag for the government.
The report in question is the third quarterly employment report, which was revamped by the government last year with new sectors included and a larger sample size of over 10,000 establishments.
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